Reply to The New America: Elite Privates forever out of reach for UMC?

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[quote=Anonymous]

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[b]The making $3k over the summer toward $8k tuition is what gets me because wage stagnation is the other piece here.[/b] Yes, tuition has gone up like crazy - my tuition at a SLAC in the mid-2000s was $40k and my college charges close to $70k 15 years later, which is wild. But i also worked during the summers and was only able to earn a little over $3k. In my small town there just weren't jobs available for unskilled workers like a college freshman that paid more. My mom took a semester off from college in the 70s to earn enough to pay for an entire year when her mom remarried and she lost financial aid; no way could a  20 year old student earn enough in 7 months to do that now.[/quote]

It sounds like you're conflating COA with tuition? I don't think any SLAC charges $70k, but plenty were 40k in tuition in the mid 2000s. [/quote]

I am referring to COA.  Tuition, room, and board.[/quote]

This is true, my kids working their butts off over the summer are able to make hardly more than I did as a teen 30 years ago.  There aren't as many flexible jobs willing to hire seasonally and minimum wage has not kept up with regular inflation let alone higher ed cost.[/quote]

DP: True. In 1988, the United States minimum wage was $3.35, equivalent to $7.29 in 2019 dollars. The current MD youth minimum wage for 90 days of employment (summer job rate), is $4.25. Kids literally cannot earn as much to contribute today for a much higher education cost as we were were able to back then.[/quote]

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